TY  - JOUR
T1  - The Influence of Board Diversity on Financial Performance: An Empirical Study of Asia-Pacific Companies Using Regression Models
AU - Herdhayinta, Heyvon AU - Chandrarin, Grahita AU - , Sumiyana AU - Fitrianto, Anwar 
JO  - International Business Management
VL  - 11
IS  - 1
SP  - 89
EP  - 99
PY  - 2017
DA  - 2001/08/19
SN  - 1993-5250
DO  - ibm.2017.89.99
UR  - https://makhillpublications.co/view-article.php?doi=ibm.2017.89.99
KW  - Financial performance
KW  -board diversity
KW  -board composition
KW  -corporate governance
KW  -board of director
AB  - The study investigates board diversity and its influence on financial performance. The main purpose is to examine influence of nationality and gender diversity on financial performance according to Tobin’s Q of 50 largest Asia-Pacific companies according to Forbes magazine. Data analysis is performed using Ordinary Least Square (OLS) and Two-Stage Least Square (2SLS) regressions analysis. The results show that gender diversity of board member has positive influence on financial performance. It is found that having female member in board of director provides various perspectives in decision making and leads to better financial performance. However, nationality of board member contributes no significant influence on financial performance. In addition, it is also emphasized that an economic objective should not be the only reason for increasing board diversity.
ER  -